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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsA Windfall for Chobani Employees: Stakes in the Company
Hamdi Ulukaya, the Turkish immigrant who founded Chobani in 2005, told workers at the companys plant here in upstate New York that he would be giving them shares worth up to 10 percent of the company when it goes public or is sold. The goal, he said, is to pass along the wealth they have helped build in the decade since the company started. Chobani is now widely considered to be worth several billion dollars.
Ive built something I never thought would be such a success, but I cannot think of Chobani being built without all these people, Mr. Ulukaya said in an interview in his Manhattan office that was granted on the condition that no details of the program would be disclosed before the announcement.
Now theyll be working to build the company even more and building their future at the same time, he said.
More at link: http://www.nytimes.com/2016/04/27/business/a-windfall-for-chobani-employees-stakes-in-the-company.html?_r=0
blm
(113,091 posts)These are some of my favorite stories. So hopeful. The right blend of socialism and responsible capitalism.
We need more stories like this.
JDPriestly
(57,936 posts)next time I shop for yoghurt. I eat a lot of it, and I mean every day.
awoke_in_2003
(34,582 posts)Egnever
(21,506 posts)Will also be the day employees start getting shafted.
The ones lucky enough to work there full time will likely do well it will be all the employees that follow that will eventually get the same treatment every other employee of a public company gets. Second to profit no matter what.
Odin2005
(53,521 posts)gratuitous
(82,849 posts)You work hard, help build the company, remain loyal, and you get rewarded? Doesn't that just create dependency? Why isn't the owner just stuffing his pockets and paying people the least he can legally get away with? Mr. Ulukaya isn't a very good Republican!